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In 2011 Gazprombank (part of the Gazprom group) began exploring the uranium reserves and oil reserves of Niger after it was awarded mining licences for two mining blocks in the northern Agadez region (Toulouk 2 and Toulouk 4). A government statement reported that officials expected exploration work on each permit to average US$ 5 million, and guaranteed that should commercial quantities of uranium be developed the government of Niger will be granted a 20 percent stake in the resultant mining operation. Gazprombank's oil and uranium exploration was due to take place initially between 2011 and 2014. 
- ↑ "Niger | Le russe Gazprombank se lance dans la recherche minière et pétrolière" Reussir, retrieved 4 April 2012.
- ↑ "Niger grants uranium permits to Russian Gazprombank" Reuters Africa, retrieved 4 April 2012.
- ↑ "Niger : Gazprombank investit dans la recherche minière BBC Afrique, retrieved 4 April 2012.